In February, Mitsubishi signed a joint venture with TVS Mobility. This partnership aims at selling cars, trucks, and other auto products in India, raising hopes for the return of Mitsubishi vehicles, including the beloved Pajero.
TVS Mobility is a branch of TVS Corp, managing showrooms for brands like Honda, Renault, and Mahindra in several Indian states. They ensure showroom hygiene and beneficial modules for these brands.
Mitsubishi Corp has invested Rs 300 crore into TVS Mobility, acquiring a 32% stake. This move aims to bring more Japanese auto brands and sub-brands to the Indian market, expanding their portfolio.
While the joint venture expands the portfolio for other brands, it doesn't confirm the return of Mitsubishi cars like the Pajero or Lancer to India. However, TVS Mobility's access to facilities like Renault-Nissan keeps the possibility open.
Setting up individual showrooms is feasible for Mitsubishi and TVS Mobility. Yet, Mitsubishi currently isn't considering launching new products in India, leaving the return of the Pajero uncertain.
While the joint venture between Mitsubishi and TVS Mobility raises hopes, the return of the Mitsubishi Pajero to India remains uncertain. Stay tuned for more updates as we keep an eye on this evolving story.